| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 05:00 | Japan | Leading Economic Index | January | 97.2 | | 96.6 |
| 05:00 | Japan | Coincident Index | January | 99.4 | | 96.4 |
During today's Asian trading, the US dollar consolidated against major currencies, while investors continue to monitor the situation in the banking sector, and also expect new catalysts.
The US Dollar Currency Index (DXY), which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona) rose by 0.05% to 103.18.
On Friday, the U.S. Financial Stability Oversight Council said the U.S. banking system was "sound and resilient" despite stress on some institutions.
The IMF managing director Kristalina Georgieva said that it is necessary to remain vigilant, given the fact that the risks to financial stability have increased against the background of recent events in the banking sector.
Meanwhile, the president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said that the recent stress in the banking sector and the possibility of a subsequent credit crisis are bringing the US closer to recession. However, investor sentiment improved slightly after reports that First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank.
The Fed's monetary policy prospects also remain in focus. Last week, the Fed raised rates by 0.25%, as expected, but made it clear that it was at the end of a policy tightening cycle. According to the CME FedWatch Tool, the markets now see an 69.4% chance that the Fed will leave rates unchanged at its May meeting, while the probability of a 0.25% rate increase is estimated at 30.6% (a month ago the probability of such an event was 71.2%).